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Minnesota Fines Agency for Advertisement Exploiting AIG Situation

Midwest News • October 23, 2008
The Minnesota Department of Commerce has taken action against a Duluth insurance agent and agency for publishing a newspaper advertisement that solicited business from current policyholders of ...

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Subject: RE: What If?

Posted On: October 23, 2008, 4:01 pm CDT
Posted By: NAIC
Comment:
If the AIG parent becomes insolvent, it cannot get to the assets of the insurance company subs until all of the insurance company policyholders are paid off. The State insurance regulators have a primary responsibility to make sure that policyholders are paid before any other creditors. In fact, there are letters from the insurance commissioners of PA and NY (and maybe others) that say just this.
Subject Posted By Posted On
RE: RE: RE: What If? John Q Agent
Oct 24, 2008, 1:09 pm
Re--Word the Ad and it would have worked AZInsMan
Oct 24, 2008, 12:19 pm
RE: RE: What If? RS
Oct 23, 2008, 5:03 pm
RE: What If? NAIC
Oct 23, 2008, 4:01 pm
the story is... reality
Oct 23, 2008, 3:33 pm
What If? RS
Oct 23, 2008, 3:04 pm
RE: RE: RE: RE: RE: The truth hurts Nobody beats the biz
Oct 23, 2008, 2:26 pm
RE: RE: RE: RE: The truth hurts PL biz
Oct 23, 2008, 2:12 pm
RE: RE: RE: The truth hurts Baxtor
Oct 23, 2008, 1:24 pm
RE: RE: The truth hurts taxpayor
Oct 23, 2008, 12:48 pm
RE: The truth hurts mike
Oct 23, 2008, 12:25 pm
The truth hurts James Beardman
Oct 23, 2008, 12:19 pm
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